MADISON, N.J., July 18, 2012 - Prudential Real Estate Investors has named Alfonso Munk chief investment officer for PREI-Latin America, responsible for overseeing more than $3.2 billion in gross assets managed by teams in Miami, Mexico City, Rio de Janeiro, Sao Paulo and Santiago. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).
Munk, whose appointment is effective immediately, reports to Roberto Ordorica, regional head for Latin America.
“Alfonso brings tremendous global real estate asset management experience to PREI,” Ordorica said. “I’m confident that through his leadership, we will continue to build on the strength of our existing team as we seek to expand our business and provide our clients with the best investment opportunities the region has to offer.”
PREI has been actively investing in Latin America since 2001 and has become the largest manager of private real estate for institutional investors in the Mexican real estate market. PREI-Latin America offers industrial, residential, office and retail properties throughout Mexico, Chile and Brazil to investors around the world.
Before joining Prudential, Munk was a managing director with Morgan Stanley Real Estate Investing (MSREI), where he held various roles in Europe and South America over the last 10 years. Most recently, he was responsible for MSREI real estate investing activities in southern Europe (France, Benelux, Spain and Portugal), while earlier he also served as region head for South America, based in Sao Paulo.
During his time at MSREI, Munk was responsible for acquisitions, financing and asset management for several Morgan Stanley funds, including the Morgan Stanley Real Estate Funds International Series (MSREF) as well as Morgan Stanley RE Special Situations funds (MSRESS).
Munk has an MBA from The Wharton School of the University of Pennsylvania with a concentration in finance and real estate, and a bachelor’s degree in business and hospitality administration from Cornell University.
PREI is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Madrid, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of March 31, 2012, PREI managed approximately $51.1 billion in gross real estate assets ($33.4 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.prei.com.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $943 billion of assets under management as of March 31, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/
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